Turquoise Hill Resources Ltd. (TRQ) : Analyst Rating Update

Turquoise Hill Resources Ltd. (TRQ) : 1 analysts are covering Turquoise Hill Resources Ltd. (TRQ) and their average rating on the stock is 3, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Turquoise Hill Resources Ltd. (TRQ) : 2 investment research analysts covering Turquoise Hill Resources Ltd. (TRQ) have an average price target of $2.95 for the near short term. The highest target price given by the Brokerage Firm to the stock is $4 and the lowest target is $2 for the short term. Analysts expect the variance to be within $1.34 of the average price.

Turquoise Hill Resources Ltd. (NYSE:TRQ): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.44 and $3.41 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.57. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.48, notching a gain of 0.29% for the day. The total traded volume was 3,577,322 . The stock had closed at $3.47 on the previous day.

The company shares have dropped -1.14% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $3.66 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $3.08 and the 200 Day Moving Average price is recorded at $2.60.

Turquoise Hill Resources Ltd. (Turquoise Hill) is an international mining company focused on mining operations in Mongolia. The Companys principal and only material mineral resource property is the Oyu Tolgoi copper-gold mine in southern Mongolia. The Oyu Tolgoi Mine is approximately 550 kilometers south of Ulaanbaatar, Mongolias capital city, and 80 kilometers north of the Mongolia-China border. The minerals on the property consist of porphyry-style copper, gold, silver and molybdenum contained in a linear structural trend (the Oyu Tolgoi Trend) that extends over 26 kilometers. Mineral resources include, from south to north, the Heruga Deposit, the Southern Oyu deposits (Southwest Oyu, South Oyu, Wedge and Central Oyu) and the Hugo Dummett deposits (Hugo South, Hugo North and Hugo North Extension).

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